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Revenue Management
https://www.nmhc.org/industry-topics/Technology-and-Telecommunications/revenue-management/
Revenue management systems leverage technology and data to systematically forecast supply and demand for a particular unit and then price it accordingly.
Automated Revenue Management: Opportunities and Challenges for Apartment Firms
This NMHC White Paper provides an overview of automated revenue management, or the use of data-driven pricing to find the optimal price for individual apartments based on current and forecasted market conditions.
It explains that revenue management is not just an off-the-shelf software purchase, but a new way of managing apartments that requires firms to re-think their business processes and organizational structure.
The paper describes the three major revenue management software products curren
Multifamily Debates the Need for an Industry-wide Benchmarking Model
https://www.nmhc.org/news/articles/multifamily-debates-the-need-for-an-industry-wide-benchmarking-model/
The
apartment industry’s envy of the hotel industry was on full view during the
2015 NMHC Spring Board of Directors Meeting. Why? Two words: data benchmarking.
For 25 years, the hotel industry has
The Reasons for RevPAR
https://www.nmhc.org/news/articles/the-reasons-for-revpar/
Take the total revenue over a set period of time, divide that by the number of rooms available and you’ve created the universal metric that the entire hotel industry lives and dies by, RevPAR-or Reven
2018 NMHC OPTECH Conference & Exposition
https://www.nmhc.org/meetings/meeting-archive/2018/2018-nmhc-optech-conference--exposition/
Open to NMHC members and non-members alike, NMHC's OPTECH Conference & Exposition is the premier destination for what’s next in multifamily. This conference brings together more than 1,700 apartm